Uranium Energy Corp. (UEC) Receives Mine Permit and Production Area Authorization for the Goliad ISR Project in South Texas

QualityStocks would like to highlight Uranium Energy Corp. (NYSE-AMEX: UEC), a U.S.-based exploration and development company with the objective of near-term uranium production in the U.S.

In the company’s news yesterday,

Uranium Energy Corp. announced that the Commissioners of the Texas Commission on Environmental Quality (TCEQ) have approved the Mine Permit and the Production Area Authorization for Production Area One (PA-1). They have also granted the request for designation of an Exempt Aquifer for the Company’s Goliad in-situ recovery (ISR) project in South Texas.

Both received today, the approvals bring a conclusion to an administrative hearing, which is part of the State’s permitting process. The Goliad project only has one Texas authorization pending, a Radioactive Material License (RML). According to the press release, the RML application is at an advanced technical review stage with TCEQ. The Company is planning to file updated information to TCEQ in mid-January. Once the updated info is received, TCEQ will move toward concluding its technical review of the RML.

Harry Anthony, Chief Operating Officer, praised the ruling, stating, “We are grateful to TCEQ for its review and informed position regarding the Goliad project. We are, of course, aggressively developing the final data for the RML. Upon approval of the RML, the Goliad project could then join the Palangana project as the Company’s second producing asset in South Texas.”

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